ERHC Energy Inc (ERHE)

[manuel06]

Quite possibly..
this could imply that
1 either Addax/SNP new by all indications about hydrocarbons laying below (and are in a better bargaining possition with ,junior partners and OIL State),and so will only have to report the Biogenic results.
2 Their inexperience as operators and their need to drill X amount of wells (plus option as it turned out)in a certain time frame, mixed with non oil bearing results,so we hear,dictated the deciding depth to hault and move on.Results to be passed on to ToTal for a peak at as the "master plan for the JDZ if possible" (since CNOCC entered AKPO and for SNP to enter JDZ), and then to Partner with SNP eventually! This along with other initiatives will tie up acreage throughout the GOG. I'm rambling to my own opinion here.
2 possible scenarios ....both with the same covert intention.
we were told that the JDZ drilling round was to gather info of the area and confirm geologies etc.The question is FOR WHO..who will likely have the knowledge proven success with this geology and who can deliver results for the JDZ.
MO..Only TOTAL as they are going to octopus their infrastrucutre through out the regions where they can find commercial Hydrocarbons in whatever state they can as they can render off condensate etc.
sorry for this ramble
baz